Carbon Pulse

EUAs surged early on Monday morning as the market digested the news that Germany's government will bring reserve coal plants back on line and reward industries that reduce gas consumption.

Two Australian resource companies have agreed to explore the possibility of developing nature-based carbon offset projects in Papua New Guinea.

Australian airline Qantas will collaborate with Airbus in a $200 million investment aimed at establishing Sustainable Aviation Fuel (SAF) production in Australia, the two companies announced.

Germany on Sunday advanced plans to bring reserve coal power plants back into regular use and to install a mechanism to reward heavy industry for using less gas as Russia has cut deliveries of the fuel.

A daily summary of our news plus bite-sized updates from around the world.

Compliance entities raised their California Carbon Allowance (CCA) net length, while speculators significantly trimmed holdings amidst broader market macroeconomic weakness, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

California and Quebec will decrease the number of current vintage allowances offered in the jurisdictions’ August cap-and-trade sale for the second month in a row, according to a notice published Friday.  

The World Trade Organization agreed on the first change to global trading rules for years on Friday, with an accord on fishing subsidies that gives a modest signal that nations can come together on global challenges even as climate issues drew scant focus.

Multiple stakeholders across the science, investment, and policy sectors have this week outlined how governments should legislate to help scale direct air capture (DAC) technology as soon as possible and keep the world within a Paris-aligned warming target.

EU legislators should consider alternative options to adequately ensure vulnerable citizens don't end up worse off due to the proposed parallel ETS on heating and road transport, according to a report by Germany-funded researchers.

Over 20 million compliance offsets under California’s cap-and-trade programme are subject to increased fire risk over the next several months amid scorching heat and record drought in the American West, researchers said Thursday.

A coalition of energy providers, shipping companies, and NGOs has called on the EU to introduce a minimum quota of 6% sustainable and scalable hydrogen fuels by 2030.

EUAs moved sideways early on Friday as the market took stock of the previous session's heavy losses, with traders eyeing gas price volatility as the key market driver.

The allowance price in China’s carbon market has remained unchanged for more than three weeks and volume this week dropped to near zero as lack of policy direction has left the market drifting.

Brokers and analysts are reporting growing liquidity in Australia’s carbon market, as Climate and Energy Minister Chris Bowen told a conference on Friday that the implementation of the Safeguard Mechanism will “supercharge” the market.

Japan’s Mitsui has secured government funding to explore the feasibility of launching a carbon capture and storage project at a gas field in the Gulf of Thailand that would earn carbon credits under the Joint Crediting Mechanism (JCM).

Australia’s largest utility, AGL, will lead a consortium that includes key Japanese and South Korean companies to prepare a feasibility study to develop a green hydrogen hub at one of its sites, the company announced on Friday.

The Western Australian state government has amended legislation to allow its Forest Products Commission (FPC) to earn and trade Australian Carbon Credit Units (ACCUs) and other carbon assets, in a bid to ramp up the state’s carbon farming industry.

A daily summary of our news plus bite-sized updates from around the world.

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